Core sector growth declines marginally to 5.1% in May; steel grows 19.9%

The electricity sector saw growth rise to 7.2%, up from 5.9% in April

Growth in the eight core sectors of the economy fell marginally to 5.1 per cent in May, down from a revised 6.3 per cent in April, with electricity generation and steel production picking up the slack for sectors experiencing low or negative growth.

Data released by the commerce and industry ministry on Monday showed that coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity industries saw growth take a moderate hit in May after a pickup in April. April’s growth figures were estimated at 2.6 per cent earlier. 

The revision was due to inclusion of a product